Production of sunflower oil since the beginning of season to February increased by 25%
Coronavirus pandemic declared by the who and adopted by the Russian authorities measures to prevent the spread of infection affected all sectors of the domestic agricultural sector, including the oil and fat industry. Milknews asked the head of oil and fat Union of Russia Mikhail Maltsev, what risks threaten the industry due to the spread of the coronavirus.
The volume of investments in modernization of production is estimated at a total of up to 50 billion rubles
According to the FCS, from September to December 2019. Russian exporters have supplied to foreign markets 195 thousand tons of soybean oil, which is 18% higher than the same period last season. The growth in exports was mainly due to China. The Agency said Grain Online.
Negative on the market can make possible increase of export duties on sunflower
Crimean Federal University will become a platform for breeding and adaptation of foreign varieties of olives, the press service of the University.
The drop in futures quotations of palm oil and fears of weakening demand due to the outbreak of the novel coronavirus has reduced prices on crude sunflower oil from Russia.
Last year exports amounted to about $4 billion
Malaysia increased the export duty on crude palm oil (SRO) in February to 6%, according to the Agency "Reuters" with reference to the LRAS.
Due to the record crop processing and export industry will also upgrade the highs
Due to environmental problems and destruction of endemic plants of the Ecuadorian farmers, with the support of environmentalists are suing the company focused on oil palm
According to experts of Oil World, in the first 11 months of this year Malaysia increased exports of palm kernel oil 15% per year, from 861 thousand tons in 2018 to 992 thousand tons.
The Russian head of system quality (Roskoshestvo) Maxim Protasov called made in Russia products that can compete on the international market.
According to the Ministry of energy of Indonesia, the country plans to develop the production of second generation biofuels, in particular, from 2022 to begin production of the so-called green diesel from palm oil with expected annual production rate of 3.7 million kilolitrov, according to Reuters.
The USDA in their November report again lowered its estimate of world ending stocks of palm oil in the current season – this time to 9.65 million tonnes (-7% compared to the results of the 2018/19 season).
The Minister of foreign Affairs of Malaysia Saifuddin Abdullah thanked Russia for the purchase of palm oil from that country.
According to operational data of the agricultural administrative bodies of constituent entities of the Russian Federation as of November 18, 2019 in whole country grains and legumes threshed from the area of 45 million hectares or 96.3% of to cultivated area (in 2018 44.4 million ha), and produced 125.2 million tons of grain (in 2018 – 115,6 million tons) with a yield of 27.8 C/ha (in 2018 26 t/ha).
In the Moscow region completed harvesting of oilseed crops — rapeseed and mustard, the gross harvest amounted to 48.3 thousand tons, said the press service of the Ministry of agriculture and food of Moscow region.
In January-September 2019 the volume of Russian imports of palm oil totaled 757,4 thousand tons for a total of $470,9 million, which is 5.3% higher than the same period a year earlier, in quantitative terms, but is inferior by 11% in value terms.
According to the Ministry of agriculture and food of Tatarstan on November 5, 2019 sunflower in the Republic removed in the area of 86.9 thousand hectares, which is 66 percent of all harvesting areas.